Page 324 - ACCESS BANK ANNUAL REPORTS_eBook

Non-financial liabilities
Litigation claims provision 766,809 613,886 766,809 613,886
Other current non-financial liabilities 17,360,887 1,839,706 13,965,441 1,637,331

Total other liabilities 253,914,174 113,571,240 238,695,686 107,538,941

(a) E-banking payables represent settlements due to other banks use of their electronic channels by the Group’s
customers. The Group’s Receivables from other banks is contained in Note 26.

(b) Collections are balances held in trust on behalf of customers for various transactions. These include escrows,
collection for remittances, payments, etc.

(c) Customer deposits for foreign exchange represents deposits customers have made to fulfil foreign currency
obligations. The Group’s process requires that all customers with foreign currency obligations deposit foreign
currency to back these transactions. The corresponding balance is in Other deposits with Central Banks - Cash
and balances with Banks.

(d) Unclaimed dividend is the balance of dividend declared by the Bank but yet to be claimed by shareholders. The
amount relates to the portion that has been transferred to the Bank by the Registrar in accordance with
Securities and Exchange Commission guidelines on Return of Unclaimed Dividends (See Note 19) for the
corresponding assets with Asset Managers. The amount is payable on demand to shareholders.

Movement in litigation claims provision
Group Group Bank Bank
In thousands of Naira December December December December
2017 2016 2017 2016

Opening balance 613,886 1,220,780 613,886 1,220,780
Additions 152,923 49,496 152,923 49,496
Payment - (656,390) - (656,390)

Closing balance 766,809 613,886 766,809 613,886

35 Debt securities issued

Group Group Bank Bank
In thousands of Naira December December December December
2017 2016 2017 2016

Debt securities at amortized cost: - 72,592,084 - -
Eurobond debt from Access Bank B.V (see (a) below) 231,122,344 212,380,366 231,122,344 212,380,366
Eurobond debt security (see (b) below) 70,984,362 31,572,052 70,984,362 31,572,052
Commercial Papers (c)
302,106,706 316,544,502 302,106,706 243,952,418

324 Access BAnk Plc
Annual Report & Accounts 2017